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HomeMy WebLinkAbout95-105 - ADMIN Resolution - City Council - 1995/08/21RESOLUTION NO. 95-105 RESOLUTION AUTHORIZING FILING OF APPLICATION AND EXECUTION OF AGREEMENT TO CONSTRUCT A SPORTS FACILITY UNDER THE PROVISION OF THE STATE CAPITAL BONDING FUND WHEREAS, the Minnesota Amateur Sports Commission, via the State Capital Bonding Fund, provides for capital funds to assist political subdivisions of the State of Minnesota for the development of sport facilities; and WHEREAS, the City of St. Louis Park desires to construct and develop a new indoor ice skating facility for the sports of girls' ice hockey, boys' ice hockey, men's ice hockey, women's ice hockey, youth and adult figure skating and broomball; NOW THEREFORE BE IT RESOLVED, by the City Council of the City of St. Louis Park, that: 1. Estimates for the total cost of developing said facility shall be in excess of $2 million; the City of St. Louis Park is requesting $250,000 from the Mighty Ducks Capital Bonding Fund and will assume responsibility for a match requirement to fund the balance of the project. 2. The City of St. Louis Park agrees to own, assume 100% operating costs, and operate said facility for its intended purpose for the functional life of the facility which is estimated to be 50 years. 3. The City Council agrees to enter into necessary and required agreements with the Minnesota Amateur Sports Commission for the specific purpose of constructing a sport facility and directing a long term program. 4. An application is to be made to the State of Minnesota, Minnesota Amateur Sports Commission, to be included in the Minnesota Amateur Sports Commission's (Governor's) Capital Budget request for an amount presently estimated to be $250,000. 5. The Director of Parks and Recreation, on behalf of the City of St. Louis Park, is authorized and directed to execute said application and serve as the official liaison with the Minnesota Amateur Sports Commission. Adopted by the City Council August 21, 1995 Attest: w Mayor tL' yle Hanks SI City Clerk Reviewed for Administration Manager Approved as to form and execution: fue4., tex a._ City Attorney